FL S0474

Erroneous property assessments for homestead, nonhomestead residential, and nonresidential properties must be corrected beginning in the year the mistake is discovered, rather than retroactively to the year the mistake occurred, and provisions requiring back tax calculations based on those corrections are deleted.

Taxpayers who receive erroneously granted assessment limitations or exemptions due to property appraiser errors—including clerical mistakes or omissions—are relieved from paying unpaid taxes, penalties, or interest across homestead, nonhomestead residential, nonresidential, and exemption-waiver contexts.

Transfers of real property between individuals and entities, or between legal entities, that merely change the method of holding title without transferring more than 50% ownership control are excluded from triggering a "change of ownership" that would reset assessment limitations for nonhomestead residential and certain nonresidential properties, applied retroactively.

Value adjustment boards are granted expanded hearing authority to consider appeals on the validity or amount of back-tax assessments under s. 193.092 and appeals on whether tangible personal property returns were timely filed, including the power to waive associated penalties.

In counties with populations exceeding 75,000, the variance thresholds for a property appraiser to appeal a value adjustment board decision to circuit court are doubled (e.g., from 15% to 30% for assessments of $50,000 or less, and from 5% to 15% for assessments over $1 million), effective January 1, 2024.